They fired almost 50% of the workforce
Aug 2022: 20% Nov 2022: 22% Feb 2023: 7%
Leaders lie about not having anymore layoffs and they also ensure that we can’t talk about layoffs if we want the severance via NDA.
People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected.
Source: Heard from a friend. + mentioned in the Cross org emails by mukesh
Felt it was too expensive. The novelty factor gone, fundamentals caught up.
But they are profitable then why this layoffs
Inke margin k chakkar me employees ki dal roti band ho Jani h bc
Currently interviewing, would like to get your opinion on joining the company. Anyone here have experience with them. I heard good Pay and no leave policy, which is great.
After the recent acquisition by UBS. How's the scenario for the current employees of Credit Suisse now?
Yes. I was the first casualty of the day
Absolutely! One entire floor is booked by HR for firing. Already the process has started!
They should first layoff the incompetent overpaid toxic VPs and Product Heads. Especially RD.
